Max Estates Limited, a prominent real estate developer in the NCR, has announced the acquisition of a strategically located 10.33-acre mixed-use land parcel in Sector 105, Noida-Greater Noida Expressway, valued at INR 711 Crore. The allotment from NOIDA offers the opportunity to develop 2.6 million square feet of prime space, with 40% allocated for residential (Group Housing) and 60% for commercial purposes, including offices, retail, and service apartments.
The project boasts a Gross Development Value (GDV) potential of over INR 3,000 Crore and a strong annuity rental income potential of INR 140+ Crore. The acquisition is structured with a deferred payment plan, where INR 284 Crore is paid upfront, with the remaining balance due in eight half-yearly instalments.
This acquisition significantly enhances Max Estates’ diversified real estate portfolio, now totaling over 17 million square feet across Delhi NCR. The portfolio spans multiple asset classes, including residential and commercial, with properties either delivered, under construction, or in the pipeline.
Max Estates has seen substantial success in the residential sector, with the launch of Estate 128 and Estate 360, generating a combined booking value of INR 7,500 Crore. Additionally, the company’s upcoming residential pipeline exceeds 7 million square feet, with a GDV potential of INR 14,000+ Crore, expected to be delivered by FY 26 and FY 27.
On the residential front, Max Estates’ portfolio now generates an annuity rental income potential of over INR 700 Crore across its delivered, under construction, and acquisition stages. This acquisition marks another significant step in Max Estates’ commitment to growth and expansion in the NCR real estate market.
